Register Financial Advisors LLC Purchases 1,345 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Register Financial Advisors LLC grew its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 11.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,745 shares of the technology company's stock after acquiring an additional 1,345 shares during the quarter. OSI Systems accounts for approximately 1.3% of Register Financial Advisors LLC's holdings, making the stock its 16th biggest holding. Register Financial Advisors LLC owned approximately 0.08% of OSI Systems worth $2,477,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in OSIS. State of Wyoming raised its position in OSI Systems by 1.9% in the 4th quarter. State of Wyoming now owns 2,698 shares of the technology company's stock worth $452,000 after purchasing an additional 51 shares during the period. MetLife Investment Management LLC increased its holdings in shares of OSI Systems by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company's stock worth $1,574,000 after buying an additional 61 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of OSI Systems by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company's stock valued at $278,000 after acquiring an additional 74 shares during the last quarter. Truvestments Capital LLC lifted its stake in shares of OSI Systems by 4.9% in the 4th quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company's stock valued at $379,000 after acquiring an additional 105 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in OSI Systems by 2.8% during the 4th quarter. Hsbc Holdings PLC now owns 4,176 shares of the technology company's stock worth $701,000 after acquiring an additional 112 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Trading Down 0.7%

Shares of NASDAQ:OSIS traded down $1.46 on Tuesday, hitting $214.23. The company had a trading volume of 243,534 shares, compared to its average volume of 203,037. OSI Systems, Inc. has a 1 year low of $129.18 and a 1 year high of $241.64. The company has a quick ratio of 1.38, a current ratio of 2.11 and a debt-to-equity ratio of 0.53. The firm's 50-day simple moving average is $218.23 and its two-hundred day simple moving average is $197.88. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 1.95 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.06. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. The business had revenue of $444.35 million for the quarter, compared to analysts' expectations of $436.49 million. During the same period in the previous year, the firm posted $2.16 EPS. The business's revenue was up 9.5% on a year-over-year basis. Equities analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, Director William Francis Ballhaus, Jr. sold 933 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the completion of the transaction, the director now owns 24,805 shares of the company's stock, valued at approximately $5,451,394.85. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alan I. Edrick sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $229.00, for a total value of $4,580,000.00. Following the transaction, the chief financial officer now directly owns 284,953 shares of the company's stock, valued at approximately $65,254,237. This trade represents a 6.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,371 shares of company stock valued at $9,784,380. 5.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

OSIS has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Roth Mkm upped their price target on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Oppenheimer increased their price target on shares of OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. B. Riley restated a "buy" rating and issued a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $228.33.

About OSI Systems

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.